MCQOPTIONS
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| 1. |
Supply-side theories claim that__________________? |
| A. | business cycles are caused by insufficient supply |
| B. | a decline in aggregate supply is responsible for economic downturns |
| C. | an increase in aggregate supply causes output and employment to decline |
| D. | none of the above |
| Answer» C. an increase in aggregate supply causes output and employment to decline | |